After Dumping Nvidia and Palantir, Billionaire Stanley Druckenmiller Recently Dropped Another AI Giant -- and Bought Shares of This Key AI Player

Investors have piled into artificial intelligence (AI) stocks over the past couple of years, and some of the world's top investors have been leading the charge. One of these players is Stanley Druckenmiller, head of the Duquesne Family Office. The billionaire has invested in -- and continues to invest in -- a variety of major players in this high-potential field.Why is everyone, from billionaires to the smallest retail investor, so excited about AI? The technology promises to be a gamechanger, following others like the Internet or smartphones. These sorts of technologies have what it takes to generate billions of dollars for the companies involved in them -- and for investors. In the case of AI, analysts predict today's billion-dollar market may even reach beyond $2 trillion in the early part of the next decade.This potential hasn't escaped Druckenmiller's attention. He invested in two of today's most successful AI companies -- Nvidia and Palantir Technologies -- earlier in this AI story, then sold all of those shares in recent quarters. And in the latest quarter, the billionaire dropped yet another AI giant. But don't worry: Druckenmiller still is bullish on AI, and he even opened a new position in a key AI player. Let's find out more.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool